Abu Dhabi's Aldar cranks up Dh4.1b in net profit for H1-2025

Aldar numbers boosted by Fahid Island sales response - and Dubai launches

Last updated: July 29, 2025 | 09:27

Manoj Nair, Business Editor

2 MIN READ

Fahid Island had a substantial rollout, with initial releases drawing more first-time buyers into Abu Dhabi's property market.

Afra Alnofeli/Gulf News

Dubai: The Abu Dhabi master-developer Aldar booked Dh4.1 billion in profit for the first six months - and that's off a substantial 24% growth year-on-year. The company's bottom-line continues to be helped by demand for its Abu Dhabi and Dubai projects, as well as continued demand for its office and commercial real estate.

During this period, Aldar launched Fahid Island, and which turned into one of Abu Dhabi's most successful offplan launches ever.

On Saadiyat Island, it just sold off a Dh400 million mansion, one of the priciest residential deals in Abu Dhabi.

In the first 6 months, Chinese and UK nationals topped the rankings when it came to buying Aldar residential offerings. Sales to Chinese have hit Dh1.7 billion.

Affordable projects?

Aldar confirmed that it will look to add to its land holdings in Dubai and in Abu Dhabi with the possibility of launching more affordable projects, according to Faisal Falaknaz, CFO of Aldar. He termed the H1-2025 performance as a 'standout' and will full-year development sales projected to go higher than Dh36 billion.

Also Read: Abu Dhabi: Aldar’s new masterplan for super-luxury Fahid Island

In H1-25, Aldar revenues cashed in with a 42% increase to Dh15.5 billion. The company's share on ADX is at Dh9.9, up 28% year-to-date.

"Our development business recorded high demand across existing inventory and launches, with standout sales at flagship projects in Abu Dhabi and Dubai," said Talal Al Dhiyebi, Group CEO of Aldar.

"Our focus remains on delivering our substantial develop-to-hold pipeline, while maintaining a steady pace of residential launches aligned to market demand."

Aldar's revenue surge

The emphasis on well-timed launches shows up in Aldar's latest financials.

The UAE revenue backlog end June was a 'record' Dh53.4 billion, from Dh45.9 billion in FY 2024, with an average duration of 30 months.

Aldar Development's revenue tally in Q2-2025 shot up 54% year-on-year to Dh5.6 billion. For H1- 2025, revenues got a 50% boost to Dh11.3 billion, with EBITDA increasing 47% to Dh3.3 billion 'predominately driven by successful execution of the revenue backlog from new and existing projects'.

Group-wide sales for Aldar were 31% higher to Dh18.3 billion, with 'both existing inventory and new launches - mostly in the UAE - performing strongly'.

Project pipeline

By end June, Aldar's project management services backlog was Dh86 billion, of which Dh56.9 billion are under construction.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.